£534,332
This estimated value is based upon the latest sale price for the house of £530,000 on 30 Jun 2023. This value is then adjusted by the current Official House Price Index for SURREY 1
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £530,000 | 30 Jun 2023 |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in June 2023 the House Price Index for SURREY was 146.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.817%.Applying this 0.817% change to the original purchase price of £530,000 results in an estimated price of approximately £534,332.
| 30 Jun 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.0 | 0.817 % | £530,000 | £4,332 | £534,332 |
The Postcode Pricing Model uses changes in average sales price within the RH6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -29.688 % | £-157,347 | £372,652 |
| 3 Month Average | 23.289 % | £123,430 | £653,430 |
| 6 Month Average | -1.522 % | £-8,065 | £521,934 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £212,731 | £210,000 | FLAT 5 SAXLEY COURT, 121 - 129 VICTORIA ROAD |
| 3 Jul 2023 | £217,053 | £215,000 | FLAT 4 BEULAH COURT, 15 - 19 ALBERT ROAD |
| 30 Jun 2023 | £534,332 | £530,000 | 105 VICTORIA ROAD |
| 23 Aug 2022 | £205,114 | £206,500 | FLAT 10 OAKFIELD COURT CONSORT WAY |
| 23 Mar 2022 | £227,057 | £220,000 | FLAT 6 OAKFIELD COURT CONSORT WAY |